To calculate current in parallel circuits, the current divider rule is essential, especially after determining the total current. The equation V=IR is useful, but for parallel resistors, the voltage across each resistor remains constant and equal to the source voltage. When dealing with three branches, the formula adjusts slightly to account for the additional resistances. The current through any resistor can be expressed as I_x = (R_T/R_x) * I_T, where R_T is the total resistance and I_T is the total current. Understanding these principles is crucial for accurately analyzing parallel circuits.